FXStreet reports that analysts at Credit Suisse discuss the prospects of the EUR/USD pair.

“We continue to look for a clear and sustained move above our long-held 1.2145/55 first upside objective – the ‘neckline’ to the early 2018 top and 78.6% retracement of the 2018/2020 – to reassert the uptrend, with resistance above 1.2178 then seen at 1.2215 next, ahead of the March measured base objective” at 1.2355.” 

“Big picture, we continue to look for an eventual move to 1.2518/98 – the 2018 high, 38. 2% retracement of the entire 2008/2016 bear market and 61.8% retracement of the fall from 2014 – which we expect to prove a tougher barrier.”